The Buffalo Point Assessor, by law, follows the Manitoba practice of assessing all properties at market value as of a specified date. These values are updated every 2 years.

For taxation calculation purposes, properties are appropriately classified by the Assessor into a defined

list of property classes. Virtually all leased properties at Buffalo Point fall within the “Residential 1” property class. The Assessment Law dictates that tax levies be applied to what is termed the “Portioned Assessment” value. For residential properties, the Portioned Assessment is 45% of the full market “Assessed Value”.

The tax rate, known as the “mill rate”, is based on Buffalo Point’s annual budgetary needs and for 2013 the mill rate has been set at 17. One mill equates to one dollar of tax per $1,000 of Portioned Assessed valued.

All land leases are “term leases”, means having an end period. A “term headlease” holder is the Buffalo Point Development Corporation having the lease until May 2086. The First Nation Council provides these headlease extensions, as negotiated by BPDC. BPDC sells these housing sub-lease residential lots to purchasers (lessees). Today sub-leases purchases can go to Dec 31, 2080 which means buying a 61 year lease and next year it will be reduced to 60 years and so on.

Our first “42 year term sub-leases” will expire in 2020, and already we have replaced these by “what we named as the new 75 year leases”, expiring in Dec 31, 2080. This will be done again in the future.

The leases are renegotiated based on property values at that point in time. **It should be noted that in 2005, we extended and renewed 82% of all lot leases.

Way more than just a place to golf Great spot to relax and recharge the batteries. More than just Golf. Was...read moreGreat spot to relax and recharge the batteries. More than just Golf. Was very quiet and relaxing but also very enjoyable. Cabins are clean and cozy. Staff was friendly. Options with BBQ, firepit, picnic table and a beach just outside your cabin. Golf course and restaurant/lounge are right there, there a beaches close by, parks, some trails and a marina down the road. Has some green-space for other activities for kids just outside your cabin.
Also have the ability to rent kayaks among other things. This place has elements to provide a great time to families with kids but also can be a great spot to get away with your spouse. We will be back.read less

Smitz83

6/30/2018

Top Notch! Had a great time Our family stayed in several cabins for a wedding July 7th-10th
close to the beach,...read moreOur family stayed in several cabins for a wedding July 7th-10th
close to the beach, Bistro/Lounge & golf course.
The cabins were clean & updated with everything you would need.
The Bistro/lounge had great food & very friendly service.
The golf course was in excellent shape, well taken care of.
The beach was clean with no people on it & sunsets were beautiful over the lake.
The marina was very nice & we enjoyed the chip truck & store. There was a beach & playground for the children.
We visited the museum which was very interesting, a deer happened to be resting by the entry sign.
The cost was reasonable for everything, lodging,dining & golf.
We had a wonderful time-thank you all for the great service.
Bernice
Raleigh, NCread less

wellers2017

7/26/2017

Play and Stay Best value Play and Stay Golf in Manitoba . Course is well maintained , cabins...read moreBest value Play and Stay Golf in Manitoba . Course is well maintained , cabins are clean , staff are welcoming and helpful . Have to try the 19th hole !! A must experience if you live and golf in Manitoba . out gtoup of 8-12 have been attending twice a year for the last 5 years and have not been disappointed . A BBQ at the Resort cabins (BBQ provided) after a round of golf is the perfect way to enjoy the lake and surroundings .read less